Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines … Read more

Bitmain’s New Antminer Specs Show Devices Process Over 50 Terahash

On April 8, the Chinese mining rig manufacturer Bitmain Technologies unveiled the specifications for the company’s latest Antminer 17 series. The firm claims the three new bitcoin miners command a hashrate of over 50 trillion hashes per second (TH/s) which outpaces nearly all top machines today. Also read: Uyen T Nguyen: The Powerful Young Woman … Read more